Qatar Gas II has appointed Dubai Islamic Bank (DIB) as one of the lead arranger for its Islamic finance tranche of USD 530mn. Qatar Gas II is a USD 12bn joint venture Liquid Natural Gas (LNG) project between Qatar Petroleum and Exxon Mobil Corporation.
The joint venture proposes to set up two LNG trains for supply of LNG from Qatar to United Kingdom. The project involves the development of LNG trains as well as production facilities for and supply of LNG, condensate, propane and butane and a LNG regasification terminal at Milford Haven in South Wales.